Maxi Investments CY Ltd increased its holdings in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 156.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,986 shares of the wireless technology company’s stock after acquiring an additional 18,884 shares during the quarter. Qualcomm makes up about 1.0% of Maxi Investments CY Ltd’s holdings, making the stock its 23rd biggest position. Maxi Investments CY Ltd’s holdings in Qualcomm were worth $5,703,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of QCOM. BlackRock Inc. acquired a new position in Qualcomm in the second quarter valued at $17,583,115,000. Bank of New York Mellon Corp purchased a new stake in shares of Qualcomm in the second quarter valued at about $1,523,930,000. Deutsche Bank AG purchased a new stake in shares of Qualcomm in the second quarter valued at about $1,178,349,000. Amundi boosted its stake in shares of Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock worth $1,884,071,000 after buying an additional 4,942,908 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after buying an additional 3,179,720 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.
Key Qualcomm News
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm reaffirmed its quarterly dividend of $0.92 per share, with payment scheduled for December 17, supporting the stock’s income-investment appeal and signaling continued confidence in cash generation. Is QUALCOMM Undervalued After Reaffirming Its Dividend?
- Positive Sentiment: Recent trading strength and continued investor interest suggest some buyers view QCOM as undervalued after its pullback. The company’s longer-term shareholder returns and valuation are supporting the recovery. Qualcomm Laps the Stock Market
- Neutral Sentiment: Qualcomm is attracting unusually high investor attention ahead of its earnings update, which could increase volatility as the market assesses demand, margins and guidance. Qualcomm Investor Attention
- Negative Sentiment: Reports that Samsung’s Exynos 2700 may outperform Qualcomm’s chip and appear in the Galaxy S27 series raise concerns about lost smartphone design wins and share pressure in Qualcomm’s core handset business. Samsung Exynos 2700 Report
- Negative Sentiment: Planned worldwide job cuts reflect efforts to control rising costs, but they also point to management caution and potential pressure on near-term growth. Investors are watching whether the savings can offset weaker earnings expectations ahead of the upcoming report. Qualcomm Job Cuts and Earnings Outlook
Qualcomm Price Performance
Shares of NASDAQ:QCOM opened at $179.60 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The company has a market cap of $191.78 billion, a P/E ratio of 20.79, a PEG ratio of 3.96 and a beta of 1.65. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a 50-day moving average price of $176.11 and a 200 day moving average price of $169.41.
Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the prior year, the firm posted $2.77 EPS. Qualcomm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.71 earnings per share for the current year.
Qualcomm Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.
Wall Street Analysts Forecast Growth
QCOM has been the topic of a number of research reports. Citigroup lowered their price target on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Oppenheimer set a $200.00 price objective on Qualcomm in a research note on Monday, July 27th. Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Susquehanna lifted their target price on Qualcomm from $160.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, October 21st. Finally, Barclays reiterated an “underweight” rating on shares of Qualcomm in a research note on Wednesday, September 9th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $205.83.
View Our Latest Stock Analysis on Qualcomm
Insider Transactions at Qualcomm
In other Qualcomm news, CAO Patricia Y. Grech sold 208 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $170.00, for a total value of $35,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann C. Chaplin sold 1,827 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the transaction, the executive vice president owned 25,770 shares of the company’s stock, valued at $4,503,307.50. The trade was a 6.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 33,458 shares of company stock valued at $6,198,144. 0.05% of the stock is owned by company insiders.
Qualcomm Company Profile
Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.
Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.
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